Jacobs & Co. CA Sells 297 Shares of Honeywell International Inc. (NYSE:HON)

Jacobs & Co. CA lessened its holdings in Honeywell International Inc. (NYSE:HON) by 0.6% in the second quarter, HoldingsChannel reports. The fund owned 52,525 shares of the conglomerate’s stock after selling 297 shares during the period. Honeywell International accounts for 1.5% of Jacobs & Co. CA’s portfolio, making the stock its 23rd largest position. Jacobs & Co. CA’s holdings in Honeywell International were worth $9,170,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Lenox Wealth Advisors LLC raised its stake in Honeywell International by 453.8% during the second quarter. Lenox Wealth Advisors LLC now owns 144 shares of the conglomerate’s stock worth $25,000 after acquiring an additional 118 shares in the last quarter. Cordasco Financial Network acquired a new position in Honeywell International during the first quarter worth about $25,000. Mcmillion Capital Management Inc. acquired a new position in Honeywell International during the second quarter worth about $31,000. Mackey Komara & Dankovich LLC acquired a new position in Honeywell International during the first quarter worth about $29,000. Finally, Capital Financial Planning LLC acquired a new position in Honeywell International during the fourth quarter worth about $26,000. 77.29% of the stock is owned by institutional investors.

In related news, CEO Vimal Kapur sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $169.58, for a total value of $847,900.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.73% of the company’s stock.

HON has been the subject of several research analyst reports. ValuEngine downgraded Honeywell International from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Credit Suisse Group upped their price objective on Honeywell International from $185.00 to $187.00 and gave the company an “outperform” rating in a research note on Friday, July 19th. Jefferies Financial Group upped their price objective on Honeywell International from $190.00 to $195.00 and gave the company a “buy” rating in a research note on Friday, July 19th. Zacks Investment Research raised Honeywell International from a “hold” rating to a “buy” rating and set a $182.00 price objective for the company in a research note on Monday, July 22nd. Finally, Barclays upped their price objective on Honeywell International from $186.00 to $187.00 and gave the company an “overweight” rating in a research note on Friday, July 19th. Four investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. Honeywell International currently has an average rating of “Buy” and an average target price of $184.08.

Shares of Honeywell International stock traded down $2.16 on Wednesday, hitting $165.82. The stock had a trading volume of 8,137 shares, compared to its average volume of 2,711,290. The company has a 50 day moving average of $172.62. Honeywell International Inc. has a twelve month low of $123.48 and a twelve month high of $178.47. The company has a quick ratio of 0.96, a current ratio of 1.19 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $119.92 billion, a price-to-earnings ratio of 20.75, a P/E/G ratio of 2.22 and a beta of 1.09.

Honeywell International (NYSE:HON) last announced its earnings results on Thursday, July 18th. The conglomerate reported $2.10 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.08 by $0.02. Honeywell International had a return on equity of 32.02% and a net margin of 18.17%. The business had revenue of $9.24 billion for the quarter, compared to analysts’ expectations of $9.37 billion. During the same period in the prior year, the business posted $2.12 earnings per share. The firm’s revenue was down 15.3% on a year-over-year basis. On average, equities analysts anticipate that Honeywell International Inc. will post 8.1 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Friday, August 16th will be issued a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 1.98%. The ex-dividend date is Thursday, August 15th. Honeywell International’s payout ratio is presently 40.95%.

Honeywell International Profile

Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its Aerospace segment supplies products, software, and services for aircrafts and vehicles. This segment offers auxiliary power units, propulsion engines, integrated avionics, environmental control and electric power systems, engine controls, flight safety, communications, navigation hardware, data and software applications, radar and surveillance systems, aircraft lighting, advanced systems and instruments, satellite and space components, and aircraft wheels and brakes; spare parts; repair, overhaul, and maintenance services; and connected solutions and data services for the aftermarket, as well as provides wireless connectivity and management and technical services.

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Institutional Ownership by Quarter for Honeywell International (NYSE:HON)

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